Acorah Software Products - Accounts Production 19.2.450 false true true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 SC732606 Mr A Pieri Mr A Pieri Mr A Pieri true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC732606 2024-08-31 SC732606 2025-08-31 SC732606 2024-09-01 2025-08-31 SC732606 frs-core:CurrentFinancialInstruments 2025-08-31 SC732606 frs-core:Non-currentFinancialInstruments 2025-08-31 SC732606 frs-core:ShareCapital 2025-08-31 SC732606 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 SC732606 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC732606 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 SC732606 frs-bus:SmallEntities 2024-09-01 2025-08-31 SC732606 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC732606 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC732606 1 2024-09-01 2025-08-31 SC732606 frs-bus:Director1 2024-09-01 2025-08-31 SC732606 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 SC732606 frs-countries:Scotland 2024-09-01 2025-08-31 SC732606 2023-08-31 SC732606 2024-08-31 SC732606 2023-09-01 2024-08-31 SC732606 frs-core:CurrentFinancialInstruments 2024-08-31 SC732606 frs-core:Non-currentFinancialInstruments 2024-08-31 SC732606 frs-core:ShareCapital 2024-08-31 SC732606 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: SC732606
Liguria Property Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
GMH Chartered Accountants
Pavilion 3, Suite 2
St James Business Park
Paisley
Renfrewshire
PA3 3BB
Liguria Property Ltd
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Liguria Property Ltd
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: SC732606
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 392,416 250,614
392,416 250,614
CURRENT ASSETS
Debtors 5 163 27
Cash at bank and in hand 1,600 4,538
1,763 4,565
Creditors: Amounts Falling Due Within One Year 6 (114,919 ) (74,009 )
NET CURRENT ASSETS (LIABILITIES) (113,156 ) (69,444 )
TOTAL ASSETS LESS CURRENT LIABILITIES 279,260 181,170
Creditors: Amounts Falling Due After More Than One Year 7 (269,400 ) (176,672 )
NET ASSETS 9,860 4,498
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 9,859 4,497
SHAREHOLDERS' FUNDS 9,860 4,498
Page 1
Page 2
Liguria Property Ltd
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Pieri
Director
27/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Liguria Property Ltd
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Liguria Property Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC732606 . The registered office is Pavilion 3, Suite 2, Linwood Road, Paisley, Scotland, PA3 3BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.
2.4. Turnover
Turnover is measured at the fair value of the rent considerations received or receivable, excluding discounts,
rebates and management charges associated with collections.
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 '
Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are
recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the
instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transactions costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are
settled, or when the Company transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the
asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the Company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not
amortised.
Page 3
Page 4
Liguria Property Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property
2025
£
Fair Value
As at 1 September 2024 250,614
Additions 141,802
As at 31 August 2025 392,416
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 163 27
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 113,661 72,954
Taxation and social security 1,258 1,055
114,919 74,009
Page 4
Page 5
Liguria Property Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans more 5 yrs non-inst 269,400 176,672
8. Secured Creditors
The loan facilities utilised by the company are secrued on standard security over the properties in favour of The Mortgage Works (UK) PLC.  The company has entered into interest only lending facilities with the lender.  
Of the creditors the following amounts are secured.  
2025 2024
£ £
Bank loans and overdrafts 269,400 176,672
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
As at the year end, the company owed Liguria (Retail) Ltd (SC167201), a company under common control of the director, £110,582 [2024:- £69,482}. This balance is disclosed within Other Creditors.  There are no set repayment terms, nor interest charged on the balance due.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr A Pieri by virtue of his ownership of 100% of the issued share capital in the company.
Page 5